Standalone site

Address locked, Randwick

1 house today → 8 homes as townhouses. About 700 m², 18 m frontage, zone R3.

Residual land valueA$6.0m

Likely ask (1 house)A$2.8mFrom the 1 July 2025 land value x 1.15

HeadroomA$3.3m

Claim this site

A$387 inc GST · 3 months

A claim takes this site off the market for every other member for 3 months and opens its address, lot outline, exact figures and neighbours to you.

This site is A$387 because its best option clears a 40% margin on cost at the likely ask. Other sites are A$182. One claim credit claims any site.

Every option the rules allow

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
TownhousesLow and Mid-Rise · FSR 1.8:1 · 19.5 m	8	2	1,200 m²	A$17.0m	A$6.0m	A$6.0m	A$3.3m	A$5.5m59% on cost · 33% on revenue
Cost stack Construction 1,200 m² at A$4,100/m²A$5.0m DemolitionA$45k Consultants, DA and certification (9%)A$450k Contributions (A$28,000 per new home)A$200k Contingency (5%)A$275k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$2.8m instead leaves A$5.5m pre-tax on a total development cost of A$9.5m.
Apartments, up to 8 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.86:1 · 28.6 m	20	8	2,000 m²	A$27.5m	A$13.0m	A$5.0m	A$2.3m	A$7.5m43% on cost · 27% on revenue
Cost stack Construction 2,000 m² at A$5,500/m²A$11.0m Basement parkingA$650k DemolitionA$45k Consultants, DA and certification (9%)A$1.0m Contributions (A$28,000 per new home)A$500k Contingency (5%)A$600k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$2.8m instead leaves A$7.5m pre-tax on a total development cost of A$17.0m. Includes 15% affordable housing at 65% of market.
Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m	15	6	1,500 m²	A$22.0m	A$10.0m	A$4.5m	A$1.8m	A$5.5m41% on cost · 26% on revenue
Cost stack Construction 1,500 m² at A$5,500/m²A$8.0m Basement parkingA$500k DemolitionA$45k Consultants, DA and certification (9%)A$800k Contributions (A$28,000 per new home)A$400k Contingency (5%)A$475k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$2.8m instead leaves A$5.5m pre-tax on a total development cost of A$14.0m.
Dual occupancyLow and Mid-Rise · FSR 1.8:1 · 19.5 m	2	2	500 m²	A$7.0m	A$2.3m	A$2.5m	-A$250k	A$800k15% on cost · 12% on revenue
Cost stack Construction 500 m² at A$3,700/m²A$1.9m DemolitionA$45k Consultants, DA and certification (9%)A$170k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$100k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$2.8m instead leaves A$800k pre-tax on a total development cost of A$5.5m.

Site facts

Site area: About 700 m² (18 m by 45 m)
Street frontage: About 18 m (measured against the road corridor)
Zone: R3 Medium Density Residential · Randwick Local Environmental Plan 2012
LEP controls: FSR 1.8:1 · height 19.5 m · minimum lot not mapped
Nearest nominated centre: About 400 m to Randwick town centre and light rail station (straight line) · Within 400 m of a nominated centre
Land value: About A$2,500,000 at 1 July 2025, NSW Valuer General · from A$2,200,000 at 1 July 2021 (+15%)
Notes: Holding of 2 parcels.